Proposal in Congress puts feds in middle of catastrophe claims
Posted: June 12, 2010
9:10 pm Eastern
By Bob Unruh
© 2010 WorldNetDaily
 Aftermath of Hurricane Katrina |
The federal government, in its efforts to take over health care, auto companies, Wall Street interests, student loans and talk about plans for imposing new mandates on talk radio, the Internet and oil companies, isn't ignoring the insurance industry.
There's now an advancing new plan to put more taxpayer dollars into claims coming out of catastrophes like Hurricane Katrina. And a wide-ranging coalition of interest groups from the National Association of Mutual Insurance Companies to the Reinsurance Association of America are in league with the Environmental Defense Fund and the Sierra Club to oppose it.
The plan, H.R. 2555 by Rep. Ron Klein, D-Fla., has been reported out of the House Committee on Financial Services. It is expected to be up for its next vote soon.
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